Adani Energy Solutions Ltd shares closed at ₹803, marking a 2% increase, signaling potential upward momentum. According to global brokerage firm Jefferies, the stock is expected to witness significant growth in the coming months. Jefferies maintains a ‘Buy’ rating on the stock, projecting over 62% growth within the next 12 months. The firm highlights a favorable risk-to-reward ratio of 6.58:1 for Adani Energy Solutions, making it an attractive investment choice.
Currently trading at ₹805.65 per share on the NSE, the stock showed a 2% uptick despite struggling to recover from the Hindenburg report’s impact. It still trades at a 53% discount compared to its pre-Hindenburg levels of ₹2,784. Investors are closely monitoring its performance, especially as the company’s strategic initiatives aim to regain its market standing and bolster confidence.
Jefferies has set a target price of ₹1,300 per share, driven by projected revenue growth of 16% and a robust 31% CAGR in EBITDA from FY24 to FY27. With a 24% market share in the Transmission and Bulk Power Transmission (TBCB) segment, the company plans to commercialize transmission projects worth ₹274 billion in the coming years. The target price is based on a 15x EV/EBITDA multiple for FY27, reflecting the company’s growth potential.
Headquartered in Ahmedabad, Gujarat, Adani Energy Solutions is one of India’s largest private power transmission companies. With over 14,000 kilometers of transmission lines and 23,000+ transformation capacity, it boasts a strong presence across all regions of India, demonstrating its industry leadership.